Oregon Amend Instructions:

Transcription

1 Oregon Amend Instructions: NOTE: If you used TurboTax CD/Download product to prepare and file your original return: Be sure to update your product. Go to Online and click on Check for Update. Open your 2011 Turbo Tax Federal return. 1) Go to Federal Taxes tab and click on Other Tax Situations 2) On the Other Tax Situations screen, scroll down to Other Tax Forms and click Start button next to Amend a Return.

2 3) On the We ll Guide You Through Your Amended Return screen, click Continue. 4) On the Have You Already Filed This Return? screen, indicate both Yes, I need to amend a return I already filed and I was contacted by TurboTax and told I may need to amend.

3 5) There may be a next screen asking you about your original federal return. 6) If you see this screen, even though you won t be amending your federal return, go ahead and enter the amount you paid or the refund you received on your original federal return and click Continue. 7) There may be a next screen asking you about the original state refund you received. 8) This screen is asking about your original refund received. Don t forget that it s the full refund prior to applying any of it to your 2012 tax return. If you see this refund screen for Oregon, answer the questions and click Continue.

4 9) You can find the amount of your refund on your original Oregon tax return as shown below, depending on the form you filed. Form: Description: Enter: Form 40 FOR Full-year residents Line 54 PLUS any amount on line 52 Form 40P FOR Part-year residents Line 72 PLUS any amount on line 70 Form 40N FOR Nonresidents Line 72 PLUS any amount on line 70 10) If you had a tax due amount you will see this screen that asks about the amount paid on your original Oregon return. 11) You can find the amount you paid from your original Oregon tax return as shown below, depending on the form you filed. Form: Description: Enter: Form 40 FOR Full-year residents Line 53 MINUS any amount on line 52 Form 40P FOR Part-year residents Line 71 MINUS any amount on line 70 Form 40N FOR Nonresidents Line 71 MINUS any amount on line 70

5 12) Verify your Oregon amount; if not correct, enter the correct amount and click Continue. 13) On the Enter Your Explanation screen, enter this wording: The original Oregon return had an incorrect Oregon 529 College Savings Network Subtraction amount on Form 40, Line 18. This amended return includes the correct subtraction amount on Line18, and click Continue. 14) The next screen is About Your Amended Federal Return. Since you are not amending your federal return, click Continue.

6 You now have to answer a few more questions for your state amended return. 1) Go to your state return by selecting the State Taxes tab and click the Continue button. 2) If you have more than one state, click on the state that you are amending. 3) Now that you are in your state s interview, if you are using the TurboTax CD/Download, click on the Show Topic List (in upper right hand corner of the screen.) 4) If you are using the TurboTax Online product, click on Tools (in upper right hand corner of the screen) and then click on the Topic List in the Tools Center.

7 5) Scroll down the Topic List to State Taxes/ Oregon/ State Interview/ Additional Form You May Need/ Additional Forms and click on Amended Income Tax Return (Amended Schedule). 6) On the Filing an Amended Return screen, select Yes to continue. 7) On the Report a Tax Year screen, enter 2011, then click Continue. 8) On the Copy Federal Amended Explanation screen, select No.

8 9) On the About Your Oregon Amended Return screen, you will answer various questions.

9 10) Scroll down to the bottom of the form to the explanation section and include this explanation, The original Oregon return had an incorrect Oregon 529 College Savings Network Subtraction amount on Form 40, Line 18. This amended return includes the correct subtraction amount on Line18, and click Continue. Now it s time to print and mail your amended state return. Note: You cannot electronically file an amended tax return. Follow these steps: 1) Go to the Print & File tab and click on Print/Save for Your Records.

10 2) On the Print and Save Center, click on Print Returns 3) On the Print screen: a. Choose All official forms required for filing b. Uncheck the box for 2011 Federal tax return c. Check the box for Oregon state tax return.

11 4) Click Print button 5) The forms to mail will print. 6) The instructions will indicate any balance due that you need to pay or refund that you will receive. It will also include the address to mail the return. 7) Be sure to print out an extra copy to keep for your files.